Answer:
2014 CPI= 101.5
2013 CPI= 100.8333333
2014 Inflation Rate= 0.66%
Explanation:
Consumer Price Index (CPI):
The index is calculated by taking the price of the basket in one year and dividing it by the price of the basket in another year. This ratio is then multiplied by 100.
Basket Price:
is the sum of the product of the quantitys and prices of the goods thata compose the basket for any given year.
Inflation Rate:
CPI (x+1) - CPI (x)
_____________
CPI (x)
Answer and Explanation: From the following given case or scenario, we can state that Wanda and Jim next logical step should be to collect the data and information in order to create a detailed design of the project. Wanda and Jim can collect the data and information using several methodology such as surveys, sites, questionnaires and interviews etc.
The journal entries for the given above would include the following:
(1) Initial cost: $210,000
(2) depreciation: $147,000
(3) final value of old server: $63,000
(4) cash on hand: $180,000
In fact, the price of the depreciated old system is equal to $63,000 and that the money out of $180,000 will actually mean that the new system was bought for $243,000. This is slightly higher compared to the true price of the new system.
Question:
If an organization tracks its strategy implementation, looks for problem areas, evaluates whether the problem areas indicate any weakness in the strategy, and makes any necessary changes, then it is using:
A) Organizational controls
B) Tactical controls
C) Behavioral controls
D) Strategic controls
Answer:
The correct option is D) Strategic controls
Explanation:
Strategic controls refer to the process which helps one to easily and immediately change direction where if proposed strategies do not create anticipated results.
For example, if a company X, decides to reduce prices to drive sales and increase market share albeit, at a cost to its bottom line, where there is no increase in sales, an effective strategic control process would be to quickly reverse the situation to the status quo before implementation and thereafter go back to the drawing table to check why demand is low.
Demand could be weak because, quality of products, or services, do not meet consumer expectations, it could be that there is a violation of one of the 'P' of marketing such as Positioning.
The head of strategy thus reviews and plans the next move to ensure that changes are effected.
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